Nichiban Co (TSE:4218) Interest Expense : 円-37 Mil (TTM As of Dec. 2023)

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What is Nichiban Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nichiban Co's interest expense for the three months ended in Dec. 2023 was 円 -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-37 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Nichiban Co's Operating Income for the three months ended in Dec. 2023 was 円 1,183 Mil. Nichiban Co's Interest Expense for the three months ended in Dec. 2023 was 円 -10 Mil. Nichiban Co's Interest Coverage for the quarter that ended in Dec. 2023 was 118.30. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nichiban Co Interest Expense Historical Data

The historical data trend for Nichiban Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nichiban Co Interest Expense Chart

Nichiban Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-50.00

-39.00

-37.00

Nichiban Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-10.00	-9.00	-9.00	-9.00	-10.00

Nichiban Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-37 Mil.

Nichiban Co (TSE:4218) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nichiban Co's Interest Expense for the three months ended in Dec. 2023 was 円-10 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円1,183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円2,000 Mil.

Nichiban Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1183	/	-10
	=	118.30

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nichiban Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Nichiban Co (TSE:4218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nichiban Co Ltd (TSE:4218) » Definitions » Interest Expense

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Address

2-3-3, Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8663

Website

http://www.nichiban.co.jp

Nichiban Co Ltd is a Japan based company engaged in the business of manufacturing and selling products in the field of medical supplies, healthcare, industrial products and industrial products. It offers hemostatic solutions, wound care dressing and surgical tapes, industrial products for manufacturing and distribution and automotive industry, stationery products, TDS pharmaceutical pain relief plaster and foot care products, sports medical battlewin taping tape and first aid bandage.

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